03
Jul
15:42
US scrap prices likely to face further declines
Scrap prices in the US are unlikely to see recovery during July trading as the sentiment is hampered by the cancellations of some mills’ June scrap shipments.
Although some market participants are positive that prices can hold steady due to the US mills’ attempts to push flat steel prices up, most agree that further declines are on the way as support from export markets is lacking. Expectations are seen varying between $20-30/t declines in shredded an…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous